The Gold Forecast Videos

Risk-On Market Sentiment Pressures Gold and Silver
While it is not only bullish sentiment for the risk-on asset class that has pressured gold and silver pricing today, it was one of the forces which resulted in lower precious metals pricing. Rising bond yields, a strong consumer sentiment index which went from 89.8 to 92 in September... Read more

As of 4:11 PM EDT gold futures have maintained a price above $1500 per ounce, with the December Comex contract currently at $1506, a net gain of $2.80 on the day. However, it is not today’s net gain that got the attention of market participants, but rather the wild price swings that developed as fundamental events unfolded.
According... Read more

Editor’s Note; today’s video report is a special edition of the Gold Forecast, Part 2 (part one was yesterday) in which we will look at current pricing through the eyes of an Elliott wave model. The video will explain the current wave count that has completed, as well as forecast where this impulse cycle for could take... Read more

Now for the fourth consecutive day gold futures have traded lower, in today’s case moderately lower. As of 4:26 PM EDT, December futures are currently trading at $1494.80, after factoring in the current decline of $16.30. Considering that on September 5 gold had opened up at just over $1560 per ounce, this current decline might be of... Read more

It has been selling that has dominated today’s lower pricing in both gold and silver, with the U.S. dollar actually weakening giving both precious metals a small tailwind. As of 4:34 PM EDT physical gold is currently down $7.60, and fixed at $1498.90. Upon closer inspection of the KGX (Kitco Gold Index) normal trading actually took spot... Read more

Chairman Jerome Powell spoke at an event hosted by the Swiss Institute of International studies, in Zürich Switzerland. His outlook for the economy was positive stating that today’s U.S. Labor Department report indicated that the U.S. economy in terms of employment is healthy. He also said that his future outlook is likely to highlight... Read more

A Call from Vice Premier Liu He to U.S. Trade Representative Robert Lighthizer has set the stage for a resumption of talks. The ADP jobs report for the private sector came in at a robust 195,000 new jobs added in August. The ADP jobs report is giving market participants an indication that tomorrow’s Labor Department nonfarm payroll jobs... Read more

Although both gold and silver traded higher on the day, it was silver that outperformed gold by over 4 to 1. Both precious metals were aided by a falling U.S. dollar which is down by .59%.
Considering that gold closed up .37% or $5.70, it’s gain was less than the dollar’s decline in terms of percentages. This can be interpreted as... Read more

Typically, a market with extreme bullish sentiment trades to new highs, but also has period of market consolidation or a shallow correction before returning to a bullish rally. It also will typically trade to a new high.
Gold however is trading to a different drummer in that the rally currently in play is finding resistance... Read more

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DISCLAIMER: Before deciding to participate in Gold or Silver investments, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly with futures activity do not invest money you cannot afford to lose. There is considerable exposure to risk in any futures exchange transaction, including, but not limited to, leverage and market volatility that may substantially affect the price of gold and /or silver. Moreover, the leveraged nature of futures trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Past performance is not a guarantee of future profits or benefits. Invest wisely.